Meaningless. We are awash in oil and gas. If we are ever in trouble and need it, that law won’t mean a thing when it becomes a matter of national security.
This is good news, not bad. Those resources are just money in the bank.
I disagree. We should strive to make resource extraction cheaper and cheaper and access all of it.
When we are in the position of needing zero imported oil, and are in fact exporting more than OPEC and Russia combined, THEN we can slow down. If that drives the price of oil down to $5/bbl, then we just need to work on making extraction cheap enough to work with that. Low oil prices hurt our enemies and help our economy.
We don’t want to leave “money in the bank” while we are paying interest on our $20T debt (some to other countries we don’t like) and our enemies can extort our friends over energy supplies. Oil and gas leases and royalties are a potential source of increased federal revenue that we desperately need to avoid taxing ourselves into the ground to pay down our debt and future entitlement obligations.